Put Us In Your Will
Include Born in Africa in your will or make a donation through ‘duo legate’. Even after you are gone, you can make a difference to a child’s education.
If Born in Africa is dear to you, you can include us in your will. This way you can posthumously assist our organisation. Supporting Born in Africa can even be profitable for your heir if you do it through a ‘duo legate’. This is a legal way of ensuring that your heirs can receive more than through a ‘normal’ inheritance and at the same time supporting a charity. When you make a donation through ‘duo legate’, appointing Born in Africa and the people to whom you want to leave your inheritance as beneficiaries, Born in Africa will pay all inheritance taxes, including those of the other beneficiary. Profitable for Born in Africa as well as your heir(s)!
An example (Flemish tariffs): -
… a ‘normal’ legate: Jan has no children. He leaves €25,000 to his niece Inge (and nothing to charity). Inge will have to pay an inheritance tax of 45% (highest tariff for nephews, nieces, aunts, uncles and ‘strangers’) = €25,000 x 45% = €11 250. This leaves Inge with €25,000 – €11,250 = € 13,750.
… a ‘duo legate’: Jan divides his €25,000 between his niece Inge (€15,000) and Born in Africa (€10,000). Inge does not have to pay inheritance tax because it will be paid by Born in Africa. Inge will receive €15,000. Born in Africa will pay the inheritance tax of 45% on Inge’s part of the inheritance (€15,000 x 45% = €6,750) and 12.5% tax on the other part of the legacy (tariff for acknowledged organisations) (€10,000 x 12.5% = €1,250). This way Born in Africa will receive (€10,000 – €8000) = €2,000.
For more information based on your particular situation contact your notary or Jaak Leenknegt at Born in Africa (email@example.com).